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Podcasts, especially interview-style ones like the BiggerPockets podcast, can be invaluable resources. They provide insights and stories from experienced investors which can help you find what excites you about real estate.
Step 2: Master the Math
Once you have a goal in mind, the next step is to practice the math of real estate investing. Proficiency in analyzing deals is what sets successful investors apart. Real estate provides concrete data points for necessary calculations, such as potential rental income, operating expenses, and projected appreciation over time.
By repeatedly analyzing hypothetical deals, you’ll develop the confidence and expertise needed to evaluate potential investments accurately.